Number 10

South Korea's Presidential Impeachment Decision Is Worth Reading

The deepening polarization in South Korean politics triggered a constitutional crisis last December when President Yoon Seok-yeol declared martial law out of frustration with the opposition-controlled National Assembly. Eungi Hong writes that when the South Korean Constitutional Court upheld President Yoon’s impeachment, it sought to bridge the deep political divides and remind all citizens in clear, accessible language what it means to have a democracy. She also provides an unofficial English translation of the full court decision.

Manufactured Threat? Assessing Nippon Steel’s Plan to Buy U.S. Steel

By Bruce Aronson

Economic nationalism is one of the few things that can unite Democrats and Republicans these days. Politicians in both parties have spoken out against Nippon Steel’s planned purchase of former giant U.S. Steel. But does the transaction truly pose a threat to US interests? Is steel still a strategic industry or does it merely evoke nostalgia for an industrial past?  What national security or economic interest is at stake?  After all, Japan is our most important ally in the Asia-Pacific region. And what kind of reviews must be passed for the deal to go through? Bruce Aronson assesses the proposed transaction.